Abstract

In this paper I evaluate James Gordley’s account of the just price as the price that preserves commutative justice. After raising some objections to this approach, I suggest that focusing on the institutional nature of prices, rejecting the value monism implicit in the standard account of the just price and allowing for the possibility of a pluralist approach to price justification can contribute to moving just price theory forward.

Keywords

commutative justice just price equality in exchange exchange value institutional facts